Ride-hailing giant Uber will be leading a $170 million investment deal in Lime, an electric scooter and bike rental company. The news comes after Uber announced its plans to lay off approximately 3,700 people or 14% of its staff...
Wall Street’s biggest investment portfolio Goldman Sachs Group Inc. recently disclosed a $900 million hit due to the ongoing flu pandemic. The company saw major fallout in profits for the first quarter of 2020, with a 46 percent decline...
Private equity firm TA Associates announced Monday it has injected a strategic growth investment to Accion Labs, a digital-focused software product engineering company headquartered in Pittsburgh, Pennsylvania. In a press release, the private equity giant said it will be joining...
Fortune 500 company Sumitomo Corporation recently revealed on its website that it has invested in Origin Wireless in pursuit of 5G integration. Sumitomo is expected to improve Origin’s technology, as well as expand its product line. The venture was...
Australian digital lending company and neobank Xinja Bank recently obtained a $255 million ($433 million in Australian dollars) investment from Dubai-based firm World Investments. Following the massive investment, the Australian firm is gearing up to take its company to...
IDFC First Bank announced Sunday it is set to make an equity investment of ₹250 crore in Yes Bank to acquire 25 crore equity shares. According to reports, the move comes as an effort for IDFC to join other...
Twitter announced its partnership with Silver Lake earlier on March 9, 2020. Renowned tech investor Silver Lake will reportedly inject $1 billion to the social media platform. Apart from the Silver Lake investment, the company also partnered with Elliott...
Analytics platform Digi-Capital recently revealed that the augmented reality (AR) and virtual reality (VR) sector acquired a whopping $4.1 billion in 2019 from investors. Venture Beat said that this is the third-highest-recorded investment in VR and AR, with 2017...
The Israel-based investment firm, Arkin Holdings, is raising $140 million to help companies develop medicines in gene therapy and other areas in life sciences. The firm said on Monday, that it created a new funding body called Arkin Bio-Ventures...
Christian denomination the Church of Jesus Christ of Latter-Day Saints recently filed its finances to the Securities and Exchange Commission (SEC) disclosing its portfolio of $37.8 billion. The Church’s fund, called Ensign Peak Advisors, is made up of stocks...

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